Turn Key Duplex ... Great Condition, both units 3/2 with Garage

Lorain County, Lorain, OH, 44055
Sold
Listed at: December 7th, 2023
Price
$136,500
ARV
$215,000
Gross Margin
$78,500
Sq. Footage
2046
Type
Multifamily
Parking
Driveway
Year build
1900
Lot size
0.16 acres
Bedrooms
4
Bathrooms
2
Half Bathrooms
0
Summary

🏢 Type: Duplex

🛏️ Bed: 6

🛁 Bath: 4

📏 Sq Ft: 2,046

🧱 Built: 1900

🏗 Construction: Brick

🚪 Market Rent: $2,500/mo

🏡 Market Value: 215k 

🛠️ Repairs: None

💵 Ask Price: $136.5k

🤝 Target Closing Date: 1/5/2023

👨‍👩‍👧‍👦 Occupancy: Both units underperforming with month to month tenants only paying 750/mo and 760/mo... Market rent for 1200 for each side

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Rental Comps

1741 E 29th St, Lorain, OH 44055 - 3/2, $1,225/mo

1882 E 37th St, Lorain, OH 44055 - 3/1, 1,295/mo

1642 E 33rd St, Lorain, OH 44055 - 3/2, $1,500/mo

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Sales Comps

2323 E 37th St, Lorain, OH 44055 - Sold for $175k on 7/23

3982 Palm Ave, Lorain, OH 44055 - Sold for $140k on 7/25

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 *Requirements for submission: PLEASE read prior to submitting offer 

1.) No Assignment of Contracts. We are willing to JV as long as you are transparent.  

2.) Minimum escrow deposit of $5k required within 24 hours of acceptance of offer. 

3.) Proof of funds required upon contract signing.

4.) Property sold as-is. 

5.) Buyer pays all closing costs as well as docs and deed stamps. 

6.) Do not approach property without an appointment. Drive by ok.

For offers, negotiations, questions, showings and offers call/text Drew at 407-373-3279 or email Drew@FlashCashOffers.com 

Street View
Location
current deal
comparables
#2
available
$123k
sold
$99k
Bedrooms
Bathrooms
Sq. footage
Deals nearby
Available
Sold
Contact

Drew Oquendo

No reviews

Disposition manager